Checking the legality of your property before purchase

Checking the legality of a property before buying is very important as otherwise it can land you in trouble. Apart from zeroing down on a property as per the budget, location and building quality, it’s worthwhile to maintain a check-list of the legal documents to ensure a smooth process of buying a house.

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Once you decide on a property, there are a few steps required to be taken to check its legality.

To help you understand how to know the legal status of a property and the legal documents required to buy a property, Magicbricks is conducting a hangout session with a renowned Bangalore-based lawyer Vatsala Dhananjay, advocate & founder at Shri Vatsala Dhananjay & Company. Join the Hangout to ask your query and to know how to make sure that the property you are buying is legally transparent.

Some of the key topics to be discussed in the session are: 

1. Checking the legalities of a property before the purchase
2. A Khata and B Khata
3. Stamp Duty and Land Tax
4. Valuation fees
5. LegaI property verification process
6. Involvement of local authorities

Source - TOI 

Rupee gains 4 paise against US dollar

MUMBAI: The rupee advanced by four paise to 67.74 against the US dollar in early trade at the Interbank Foreign Exchange on Monday on increased selling of the American currency by exporters and banks.

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Forex dealers said besides fresh foreign capital inflows, a higher opening in the domestic equity markets and dollar's weakness against other currencies overseas supported the domestic unit.

On Friday, the rupee had recovered by 45 paise to close at 67.78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities.

Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade.

Source - TOI 

Sensex regains 25,000-level, up 131 points

MUMBAI: Market benchmark BSE Sensex on Monday reclaimed the 25,000-level by surging over 131 points in early trade, extending weekend's gains on fresh foreign capital inflows amid a mixed trend at other Asian bourses.

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The 30-share index rallied by 131.63 points, or 0.52 per cent, to 25,002.32, with capital goods, healthcare, IT, consumer durables, realty and auto sector stocks leading the rise.

The gauge had gained 401.12 points in the previous session.

The broader NSE Nifty also moved up 28.80 points, or 0.38 per cent, to 7,592.35.

Brokers said revival of buying by foreign investors and widening of positions by investors, mainly influenced the trading sentiment.

Besides, mixed third quarterly earnings and a mixed trend at other Asian bourses supported the rise in the domestic markets.Bucking the trend, auto sector stocks such as Hero MotoCorp and Maruti Suzuki were trading in the negative zone ahead of the monthly sales data.

In the Asian region, Japan's Nikkei moved up 1.80 per cent while Hong Kong's Hang Seng index slipped 0.61 per cent in early trade on Monday.

Shanghai Composite index was down 1.71 per cent after Chinese manufacturing activity fell to its lowest level in three years last month.

The US Dow Jones Industrial Average ended 2.47 per cent lower in Friday's trade.

Source - TOI